The National Bureau of Statistics, NBS, on Wednesday released the final rebased Nigerian Gross Domestic Product, GDP,
Report (Expenditure Approach) for 2010-2013.
The report revealed that the country’s economy size grew marginally from about $510 billion (about N80 trillion) to about
N81.009 trillion.

The latest GDP figures may not have altered the nation’s economic status as the 26th-biggest economy in the world and the
biggest at the continental level based on the earlier report released in April.
The World Bank had put Nigeria’s 2012 GDP figures at $262.6 billion and South Africa’s at $384.3 billion.
According to the latest report, the final consumption of Household Items Expenditure accounted for largest chunk of the
rebased GDP profile, standing at about N58.138 trillion in 2013, up from the N42.115 trillion of the preceding year.
The report also indicated that Expenditure on Export Goods and Services stood at N14.615 trillion as against the N22.824
trillion recorded in 2012.
Amount spent on Gross Fixed Capital Formation in 2013 was recorded at N11.723 trillion, up from the N10.618 trillion
expended in 2012.

The Bureau also reported that overall Gross Final Consumption Expenditure of General Government as amounting to N6.548
trillion, rising marginally from the N5.953 trillion expended in the preceding year.
Equally, final Consumption Expenditure of Non-Profit Institutions Serving Household amounted to N302.248 billion in 2013 as
against the N248.570 billion recorded in 2012.
Curiously, the report showed a marginal decrease in changes in Inventories Expenditure from the N204.247 billion recorded in
2012 to about N201.440 billion in the 2013 review year.
The total GDP by Expenditure Size was recorded at about N91.231 trillion but when the expenditure on Imports of Goods and
Services totalling about N10.518 trillion is netted off, the domestic economy’s GDP size by expenditure was recorded at
N81.009 trillion.
A further analysis of the rebased GDP figures on the GDP and Expenditure at Current Purchasers’ Value basis showed that the
size of the economy at Basic Prices stood at about N80.092 trillion.
The prices comprise compensation of employees’ expenditure of about N22.330 trillion; Operating Surplus of about N53.513
trillion; Consumption of Fixed Capital N3.714 trillion; and Other Taxes on Production (Net) value of N536.440 billion.
The NBS also reported that a total of N917.401 billion accrued as Net Taxes on Products during the year under review,
thereby pushing the overall GDP figures at Market Prices to N81.009 trillion.
Some other characteristics of the final rebased GDP figures by expenditure based on National Disposable Income and its
Appropriation Current Purchasers Value showed that whereas Domestic Factor Income and National Income and Market
Prices stood at N75.841 trillion and N72.743 trillion respectively, the Appropriation of Domestic Income rose from N68.326
trillion in 2012 to N76.210 trillion in the review year 2013.
Similarly, an analysis of the final rebased figures based on Capital Finance Current Purchasers Value basis showed that Gross
Fixed Capital Accumulation rose marginally from about N10.618 trillion in 2012 to N11.723 trillion in 2013.
The Net Lending to the World figures decreased substantially from about N12.656 trillion in 2012 to about N2.709 trillion in
the review year.
The Current Purchaser’s Value on Export Transactions reflected that import of goods and services stood at N10.518 trillion in
2013 up from N9.395 trillion in the preceding year.
The export of goods and services figures amounted to N14.615 trillion while Current Receipts stood at N18.296 trillion.
When analysed by the GDP and Expenditure at 2010 Purchaser’s Value of the 2013 final rebased GDP by expenditure figures
showed that Final Consumption on Household expenditure amounted to N48.530 trillion, up from the N37.528 recorded in
2012 while Expenditure on GDP or GDP at Market Prices amounted to about N63.392 trillion in 2013 compared with the about
N60.670 trillion of the preceding year.


https://m.premiumtimesng.com/business/167504-nigerian-economy-size-now-at-n81-009-trillion-says-statistics-bureau.html

All good.

We will get there.

I don't care o! As far as it doesn't reach d common man

kkkp: I don't care o! As far as it doesn't reach d common man

you mean the industrious common man or the lazy one? kindly specify

kkkp: I don't care o! As far as it doesn't reach d common man

Keep waiting for free handouts. Nothing will reach you

All this stats are just enriching only the crème de la crème of the Nigerian society. Not to worry I would soon join them

All those waiting for free handouts, I pray you never find anything. Look around you, growth and opportunity abound. Stop crying and complaining, apply yourselves.

giant indeed goodluct till 2099

McWhillion: All this stats are just enriching only the crème de la crème of the Nigerian society. Not to worry I would soon join them

join them to rob us?

NBS give us state distribution of the gdp..abi u re afraid that APC states of lagos,rivers,kano,ogun and oyo might still the show from PDP...I Knw GDP result released close 2015 elections was political

Nobleval: join them to rob us?

Bro not all of them are robbers na, my money would be as clean as Dangote's.

McWhillion:
Bro not all of them are robbers na, my money would be as clean as Dangote's.

who told you Dangote's money is clean?

Nobleval: who told you Dangote's money is clean?

Bro my own money go clean sha, I don't intend feeding fat on people's labour and sweat.
Shey Dangote steal ni?

The latest GDP figures may not have altered the nation’s economic status as the 26th-biggest economy in the world and the
biggest at the continental level based on the earlier report released in April.


Nigeria and her paper economy growth with nothing on ground. Our leaders are deceptive bunch.

Thunder go fire the family of anybody that opposes GEJ in 2015

GEJ till 2029 if possible

McWhillion:
Bro my own money go clean sha, I don't intend feeding fat on people's labour and sweat.
Shey Dangote steal ni?

more like it...excessive government patronage.

Nobleval: more like it...excessive government patronage.

He was granted monopoly didn't mean he stole. He was just wise enough to play on the right team and rub shoulders with the right people. Blame the govt who gave him those privileges

will this tricle down to the common man

Imagine this kind of economy being powered by a mere 10,000MW of electricity and a sustainable,sincere fight against corruption.Even the americans will leave their country for nigeria.We will get there, boko haram or no boko haram. Hmmm.now i see why america is not comfortable with a one nigeria.They simply cant stand another china in africa.

barcanista: The latest GDP figures may not have altered the nation’s economic status as the 26th-biggest economy in the world and the
biggest at the continental level based on the earlier report released in April.


Nigeria and her paper economy growth with nothing on ground. Our leaders are deceptive bunch.

Nothing on ground for you but certainly something on ground for so many hardworking people. While you sit, criticize, curse and lament millions are taking advantage of the transformation agenda of Mr President to improve their lot.
I will advice you to just step out of your hate filled world and see what others have seen so your life could become better.